What You Need to Know Before Applying for a Home Loan Today

Applying for a Home Loan Isn’t What It Used to Be

In the past, applying for a home loan was fairly straightforward. You’d hand over a couple of payslips, have a chat with your local bank, and you’d likely walk away with a loan.

But today? It’s a completely different ball game.

Lenders now want to see your full financial picture — not just your income. They look deeper into your spending habits, financial stability, and documentation. And if anything doesn’t match, your application could get declined.

My Role as Your Mortgage Broker

As a mortgage broker, I work for you — not the banks.
My job is to:

• Understand your financial situation
• Help you choose the right loan
• Make sure your application is solid before it’s submitted

But to do that properly, I need full and accurate information from you.

Example: Why Accurate Income Matters

Let’s say you fill out a fact-finding form and say you earn $85,000 per year.
That figure must be backed up by your documents — otherwise, it won’t stack up with the lender.

What Documents Will You Need?

Here’s what most lenders require upfront:

• Recent payslips
• Full bank statements (3–6 months)
• Tax returns and ATO Notices of Assessment
• Proof of deposit or savings
• Details of any loans or credit card debts
• Rental income statements (if you own investment property)

And if you’re self-employed, don’t stress — there are low doc loan options, but these still require solid financial evidence like:

• Business bank statements
• BAS (Business Activity Statements)
• A letter from your accountant confirming income

Remember: low doc doesn’t mean no doc.

Yes — Lenders Really Read Your Bank Statements

Many clients are surprised to learn how closely lenders examine their spending habits. Your bank statements reveal a lot — not just how much you earn, but how you manage your money.

Here are some common red flags:

• Heavy spending on Uber Eats or takeaway
• Afterpay or Zip Pay debt
• Gambling transactions
• Constant low balances or overdrawn accounts
• Minimal savings at month-end

If you’re spending most of your income and not left with much by the end of the month, that could hurt your borrowing power.

My Job Is to Protect Your Application

I won’t submit your application unless I’ve reviewed everything and I’m confident your numbers are solid.

That means:

• Your income is clearly documented
• Your expenses are reasonable and consistent
• You’ve got a financial story the lender will feel confident in

The last thing you want is to get knocked back because of missing or mismatched paperwork.

Ready to Buy or Refinance?

Whether you’re:

• A first home buyer
• Upgrading to a new place
• Investing in property
• Or simply wanting to refinance for a better deal

Let’s talk.

I offer a free 15-minute strategy call — no pressure, no sales pitch. Just straight answers and a clear next step based on your numbers.

Click below to book your free chat, call me on 0426 259 327 Got questions click the chat box on bottom left get instant answers.

Nicko Parpis
Mortgage Broker & Buyers Agent
Truth Group Pty Ltd – Helping You Buy Smarter & Borrow Better